18.1 C
Thursday, December 2, 2021

IPO 2021: Aadhaar Housing Finance to bring Rs 7300 crore IPO! What is the plan of the company

Aadhar Housing Finance IPO: Blackstone backed Aadhaar Housing Finance plans to launch an IPO of Rs 7300 crore.

Aadhar Housing Finance IPO: Blackstone backed Aadhar Housing Finance plans to launch an IPO of Rs 7300 crore. According to the news agency, the housing finance company has submitted documents with market regulator SEBI for this. Blackstone is the world’s leading asset management company. 1500 crore fresh shares will be issued in the IPO. While the promoters will sell 5800 crore shares through an offer for sale. It is believed that if approved, the company can bring its IPO this year.

Let us know that America-based private equity firm Blackstone is the owner of Aadhar Housing Finance, India’s leading commercial real estate company. Right now the IPO market in India is seeing a great boom. Most of the IPOs that have come since September 2020 have received good response from investors. Because of this, the company wants to bring its IPO this year.

Where will the fund be used?

According to the news agency, the money received from the IPO will be used by the company to meet its capital requirements in the future. At the same time, the company wants to increase its brand name further by getting listed in the stock market. At the same time, it wants to create a public market for its equity shares.

Indigo Paints IPO: Shares of Indigo Paints will be available on January 28, there are 2 ways to check the status

About the company

Aadhaar Housing Finance Company was earlier known as DHFL Vyasa Housing Finance. It was started by Vyasa Bank in association with other banks and financial institutions. The focus of Aadhaar Housing Finance is on fulfilling the expenses of low-income segment home financing. The company provides mortgage loans for the financially weak and the middle class to take home.

In 2019, American asset management company Blackstone bought 98.7 percent of Aadhaar Housing Finance from DHFL and Wadhawan Brothers for Rs 2200 crore. As of March 31, 2020, the company had assets of a total of Rs 11,432 crore. At the same time, the company had a net profit of Rs 189 crore in 2020. The company has 292 branches across the country, which are in 20 states.

Business Khabar
We aim to constantly bring to you all the latest and most updated industry news across all major categories. With a wide variety of topics and categories under our umbrella, we bring to you the latest news and activities in the top sought areas of public interest.
Latest news
- Advertisement -
Related news
- Advertisement -


Please enter your comment!
Please enter your name here